On-demand fulfilment start-up Cubyn has raised EUR35 million in a funding round led by Eurazeo and Bpifrance Large Venture, with new participation from First Bridge Ventures and Fuse Venture Partners, and follow-on funding from DN Capital, 360 Capital, Bpifrance Smart Cities fund and BNPP Développement.
Launches & Fundraising
Accelmed Partners (Accelmed), a private equity firm focused on acquiring and investing in US commercial stage, lower middle market HealthTech companies, has closed its oversubscribed second fund, Accelmed Fund II (Fund II) at the fund’s hard cap of USD400 million, exceeding its original USD300 million target.
Mainspring Fund Services and Aspida Group have partnered to provide Guernsey-domiciled private equity and venture capital funds with a comprehensive solution for fund administration, compliance, governance and reporting.
Inovia Capital has held the closing of its second growth fund with USD450 million in committed capital.
Equita, an independent Italian investment bank, has held an additional closing of Equita Private Debt Fund II (EPD II), the PIR compliant Italian closed-end fund managed by Equita Capital SGR.
Ares Management Corporation (Ares) has held the final closing of its Ares Pathfinder Fund, with USD3.7 billion in total commitments. The Fund was significantly oversubscribed at its hard cap and exceeded its original target of USD2.0 billion.
Clayton, Dubilier & Rice (CD&R), advised by LatAm advisory and investment firm HMC Itajubá, has closed its latest flagship fund with USD1.2 billion in capital commitments from Latin America investors.
Brunnur Ventures GP has launched Brunnur II, its second venture fund with USD65 million (ISK8.3 billion) in commitments. The new fund's Limited Partners include ten of Iceland’s leading pension funds and Landsbanki.
Pathway Capital Management is pleased has closed on USD1 billion for Pathway Co-investment Partners Fund V (PCPF V), a custom co-investment fund for a US-based institutional investor.
PAI Partners (PAI) has closed its inaugural PAI Mid-Market Fund (“PAI MMF”, or the “Fund”) with a total of circa EUR920 million of commitments. The Fund was raised entirely virtually and is above its EUR700 million target and original EUR800 million hard cap, which was increased following significant investor interest.